Author Archives: richlyon
The “undulating plateau”
The idea that energy descent will be preceded by a series matching falls and recoveries does not fit well with our intuitive sense of how complex things work.
Continue readingA smaller world
Leading Canadian economist, Jeff Rubin, sets out the premise of his book “Why your World is about to get a whole lot smaller” in this 45 minute video from 2009′s The Business of Climate Change Conference. We aren’t running out … Continue reading
Head in the sand
The International Energy Agency was established in the wake of the 1974 oil crisis. Its functions are to provide authoritative information on the supply of oil, and energy policy advice based on it to its member nations. The IEA has … Continue reading
U.S. Unemployment animation
There are now 31 million people unemployed in the U.S. as a result of the worst economic upheaval since the Great Depression. This animation of unemployment rate by county shows the deteriorating transformation of the U.S. economy from January 2007–approximately … Continue reading
The Global Oil Depletion Report
The report finds: Despite large uncertainties in the available data, sufficient information is available to allow the status and risk of global oil depletion to be adequately assessed. But the available methodologies can frequently lead to underestimates of resource size … Continue reading
Key oil figures were distorted by US pressure, says whistleblower
The world is much closer to running out of oil than official estimates admit, according to a whistleblower at the International Energy Agency who claims it has been deliberately underplaying a looming shortage for fear of triggering panic buying.
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Did oil cause the latest recession? IEA weighs into the debate
The IEA points out that it had warned in 2006 that the effect of high oil prices from the preceding four years had not yet worked their way through the world economy, and that further increases in prices would “pose … Continue reading
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A post-oil world gets less sci-fi by the day
The IEA figures showed there could be a gap of 7m barrels a day between supply and demand by 2015. That represents about 8% of the expected world demand by then, 91m barrels a day. The gap will grow as … Continue reading
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The elephant in the room
… Investment in these markets will, I believe, bring unprecedented growth for the entire world going forward. The downturn in the economy going forward is merely a correction. In the long term, growth will prevail. — Alan Greenpants, Economist and … Continue reading
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